Hot Stocks In Momentum: Microsoft Corporation (NASDAQ:MSFT), ResMed Inc. (NYSE:RMD), Perficient Inc. (NASDAQ:PRFT)


Software giant, Microsoft Corporation (NASDAQ:MSFT) reported that another major round of job reduces in addition to the 18,000 job eliminations announced in July 2014. The latest round of job reduces will see the cut of around 7,800 positions worldwide, primarily in the phone business it takeover previous year. The firm declared that ┬áthe job cuts are expected to be substantially complete by the end of December 2015 and fully completed by the end of the company’s fiscal year on June 30, 2016. “We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family. In the near-term, we’ll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility,” Nadella wrote in the email. Microsoft Corporation (NASDAQ:MSFT) stock hit highest price at $44.98, beginning with a price of $44.75 to close at 44.24 by a decrease of -0.14% with a day range of $44.65-$44.98.

ResMed Inc. (NYSE:RMD) reported that it has purchased CareTouch, a provider of internet-based solutions as well as therapy-focused resupply programs for home medical equipment providers or HMEs. CareTouch facilitates healthcare providers to efficiently provide patients personal attention, equipment as well as supplies they required to maintain therapy without interruption. Shares of ResMed Inc. (NYSE:RMD) opened at $56.290 with 140.92 million outstanding shares and hit to its highest price of $56.300 during the day and finally closed at $56.01 by scoring -1.09%. In the whole session, it traded on volume of 839407 shares, which turned higher than its average volume.

Perficient Inc. (NASDAQ:PRFT) released that updated preliminary revenue anticipates for the quarter ended June 30, 2015. The firm predicts Q2 revenue to be in the range of $108.2M to $109.2M. Services revenue, comprising reimbursed costs, is anticipated to be in the range of $100.8 million to $101.8 million. The preliminary revenue results for the three months ended June 30, 2015, are below the previously announced revenue guidance range of $110.5 million to $120.9 million and services revenue guidance, including reimbursed expenses, of $104.5 million to $109.9 million. On the other consideration, Perficient Inc. (NASDAQ:PRFT) begun last trade with a price of $15.79 and throughout the trading session climbed at $15.86. The day-trade ended with a decrease of -16.68% to close at $15.84.

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Jason Dinner